Federal Excise Duty On Small Cars Eliminated In Budget 2021

12 Jun 2021

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Federal Excise Duty On Small Cars Eliminated In Budget 2021

Finally, the Federal Government has announced the budget 2021. Good news for middle class is that the government has announced the exemption of Federal Excise Duty FED on small vehicles under 850cc; Remember that the FED on these vehicles was 2.5% earlier.

Additionally government has also reduced the sales tax on small vehicles. A reduction of sales tax is made 4.5%, it is reduced from 12.5% to 17%.

After reduction in sales tax the prices of United Bravo, Prince Pear and Suzuki alto will be reduced by PKR 1,13,000.

On the other side, the government is also supporting the electric vehicles in Pakistan by offering a lot of tax exemptions on EVs.
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FED cars Federal Excise Duty on cars Budget 2021 cars Tax on cars

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